Immigration boosts innovation and wages in the US. The positive dynamic impact of immigration on innovation and wages dominates the short-run negative impact of increased labor supply. Increased immigration to the US since 1965 is estimated to have increased innovation and wages by 5%.

· · 来源：data资讯

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本文逐一拆解a16z这三份报告的核心判断，以及这些判断背后，钱正在往哪里流。

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Drag out a search region below and watch the brute-force approach check every point, one by one: